Rigid Plastic Packaging Market To Rise Beyond 5% CAGR To 2021 Led By Beverages

The global rigid plastic packaging market is projected to grow from USD 189.43 billion in 2015 to reach USD 262.68 billion by 2021, at an estimated CAGR of 5.71% while beverage segment projected to be the largest-growing during the forecast period

The rigid plastic packaging market is driven by factors such as increase in urban population, demand for pharmaceutical supplies, and growth of the food & beverage industry. Rigid plastic packaging provides visually appealing packaging for food that maintains freshness and provides protection during shipping and transport. Plastic containers are specially designed for retailers, food processors, and brand owners seeking safe packaging that is environment-friendly. The growth in demand for flexible packaging poses a threat to rigid plastic packaging market.

Complete report on global rigid plastic packaging market spread across 193 pages, profiling 10 companies and supported with 113 tables and 60 figures is now available at http://www.reportsnreports.com/reports/718280-rigid-plastic-packaging-market-by-raw-material-pe-pet-pp-pvc-eps-ps-bioplastics-type-bottles-jars-trays-tubs-cups-pots-production-process-extrusion-injection-molding-application-and-region-st-to-2021.html .

The bottles & jars segment accounted for the largest market share in 2015 in the rigid plastic packaging market. Bottles & jars have properties such as easy handling and excellent damage prevention the increase in demand for consumer durable, healthcare, and food & beverages supports the growth of bottles & jars.

The beverage segment is projected to be the largest-growing in the rigid plastic packaging market on the basis of end-use industry, and this trend is projected to continue during the forecast period. The expectations of quality, hygienic products, and growth in health awareness are driving the rigid plastic packaging market in the beverage sector.

The Asia-Pacific region is projected to be the fastest-growing market during the forecast period, followed by Europe. In Asia-Pacific, China is the largest consumer for rigid plastic packaging, followed by Japan. China, with its growing food & beverage and healthcare industries, is expected to drive the rigid plastic packaging market. Japan, with its growing inclination toward convenient products, is expected to impact the rigid plastic packaging market in the Asia-Pacific region.

The suppliers of rigid plastic packaging and related products in the report are as follows:

> Amcor Limited (Australia)
> Bemis Company, Inc. (U.S.)
> RPC Group Plc (U.K.)
> Alpla Werke, Alwin Lehner GmbH & Co. Kg (Austria)
> Berry Plastics Corporation (U.S.)
> Coveris Holdings S.A. (Luxembourg)
> Reynolds Group Holdings (New Zealand)
> Plastipak Holdings, Inc. (U.S.)
> Consolidated Container Company (U.S.)
> Silgan Holdings, Inc. (U.S.)

Get a discount on a copy of Rigid Plastic Packaging Market by Raw Material (PE, PET, PP, PVC, EPS, PS, Bioplastics), Type (Bottles & jars, Trays, Tubs, Cups & Pots), Production Process (Extrusion, Injection Molding), Application, and Region - Global Forecast to 2021 research report at http://www.reportsnreports.com/contacts/discount.aspx?name=718280 .

Breakdown of primaries

Primary interviews were conducted with a number of industry experts, in order to collect data related to different aspects of rigid plastic packaging. The distribution of primary interviews is as follows:

> By Company Type: Tier 1 – 43%, Tier 2 – 33%, and Tier 3 – 24%

> By Designation: C level – 40%, Manager level – 35%, and Others – 25%

> By Region: North America – 40%, Asia-Pacific – 25%, Europe – 20%, and the Rest of the World (Row) – 15%

The rigid plastic packaging market has been segmented on the basis of material, type, production process, application, and region. The report covers detailed information regarding the major factors influencing the growth of the rigid plastic packaging market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products & services, key strategies, and recent developments associated with the market.

On a related note, another research on Flexible Packaging Market Global Forecast to 2021 says, growing demand from end-user industries to drive the market for flexible packaging. Retort pouches segment is projected to grow at the highest rate during the forecast period. Asia-Pacific accounted for the largest market share in 2015. Companies like Amcor Limited (Australia), Bemis Company, Inc. (U.S.), Constantia Flexible Group GmbH (Austria), Huhtamaki Group (Finland), Sonoco Products Company (U.S.), Sealed Air Corporation (U.S.), Mondi Group (South Africa), Clondalkin Group Holdings B.V. (The Netherlands), Coveris Holdings S.A. (U.S.) and Ampac Holdings, LLC (U.S.) have been profiled in this 267 pages research report available at http://www.reportsnreports.com/reports/270112-flexible-packaging-market-by-end-use-food-beverage-personal-care-pharmaceutical-material-polypropylene-bopp-cpp-polyethylene-evoh-pa-bopet-pvc-aluminum-paper-cellulosic-global-trends-forecast-to-2018.html .

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